Hill October 22, 2024
Many older Americans are unaware of the changes coming to Medicare’s prescription drug benefits in 2025 that could save them money, so public and private sector organizations are mobilizing to spread the word.
The changes, which include a $2,000 cap on out-of-pocket prescription drug costs and a new program designed to help enrollees spread out their medication costs over the course of the calendar year, are part of the Inflation Reduction Act (IRA) and take effect for this open enrollment.
“If you are someone living with a serious illness or illnesses and you have been historically used to high out-of-pocket costs, that $2,000 cap is welcome news,” Amy Niles, Chief Mission Officer of the PAN Foundation, said during...
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